General Knowledge Question Answer: Business And Economics GK Questions and Answers

General Knowledge Business And Economics Questions, Business And Economics Quiz for Competitive Exams, Important Business And Economics MCQs for GK

Q. Which of the following is not the function of Reserve Bank of India (RBI)?
1) Issue of bank notes
2) Banker to Government
3) To open saving bank account for general public
4) Custodian of cash reserves of Commercial Banks

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Q. The 14th Finance Commission recommended, among other things, to raise the share of states in the net proceeds of divisible pool of central tax to :
1) 32%
2) 29.5%
3) 45%
4) 42%

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Q. The income tax in India is -
1) Direct and Proportional
2) Indirect and Progressive
3) Direct and Progressive
4) Indirect and Proportional

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Q. Special Drawing Rights (SDRs) is available at -
1) IBRD/ World Bank
2) IMF
3) International Development Association
4) OECD

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Q. India gets the largest share of its G.D.P. from which of the following sectors?
1) Agriculture Sector
2) Industry Sector
3) Service Sector
4) None of the above

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Q. Which one is the apex institution in the sphere of agricultural financing in India?
1) Corporation Bank
2) Cooperative Bank
3) Regional Rural Banks
4) NABARD

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Q. If the Cash-Reserve Ratio is lowered by the RBI, what will be its impact on credit creation?
1) Will get decreased
2) Will get increased
3) Will have no impact
4) None of the above impacts

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Q. ECOMARC symbol is related to -
1) Export goods
2) Import goods
3) Best quality goods
4) Goods safe for environment

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Q. Who is the guardian of public fund in India?
1) President
2) Prime Minister
3) Finance Minister
4) Comptroller and Auditor General

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Q. Which sector contributes maximum share in the National Income of India?
1) Agricultural Sector
2) Industrial Sector
3) Service Sector
4) None of the above

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